The association with the Tailor family ended in 1852 and, in 1865, Lloyds & Co. Moilliet and Sons, with-which have subsequently been amalgamated the Banks of Messrs. which later became Barnetts, Hoares, Hanbury and Lloyd— based in Lombard Street, London. Through a series of mergers, including Cunliffe, Brooks in 1900, the Wilts.
converted into a joint-stock company known as Lloyds Banking Company Ltd. Eventually, this became absorbed into the original Lloyds Banking Company, which became Lloyds, Barnetts and Bosanquets Bank Ltd. and Dorset Bank in 1914 and, by far the largest, the Capital and Counties Bank in 1918, Lloyds emerged to become one of the "Big Four" clearing banks in the United Kingdom.
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Barclays finally acquired Martins the following year.
In 1972, Lloyds Bank was a founding member of the Joint Credit Card Company (with National Westminster Bank, Midland Bank and the National and Commercial Banking Group) which launched the Access credit card (now Master Card).
the group later announced that it would create a new standalone retail banking business, made up of a number of Lloyds TSB branches and those of Cheltenham & Gloucester.
The new business began operations on 9 September 2013 under the TSB brand.
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Discover fun facts and what happened on April 30, 1982.
The first report of the company in 1865 stated: LLOYDS BANKING COMPANY LIMITED – Authorized Capital £2,000,000. By 1923, Lloyds Bank had made some 50 takeovers, one of which was the last private firm to issue its own banknotes—Fox, Fowler and Company of Wellington, Somerset.
Today, the Bank of England has a monopoly of banknote issue in England and Wales. In 1968, a failed attempt at merger with Barclays and Martins Bank was deemed to be against the public interest by the Monopolies and Mergers Commission.
That same year it introduced Cashpoint, the first online cash machine to use plastic cards with a magnetic stripe.